America’s favorite index is misleading investors about the state of the stock market

Economy MarketWatch By Joseph Adinolfi 06 Oct 2026 12:05 1 min read
America’s favorite index is misleading investors about the state of the stock market

For decades, the S&P 500 has been the preferred benchmark for monitoring the performance of the U.S. stock market. But these days, it is behaving less like a barometer of broad market health and more like a funhouse mirror.

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